Uncommitted Facility
What is 'Uncommitted Facility' An uncommitted facility is an agreement between a lender and a borrower where the lender agrees to make...
Unbanked
DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for...
Undercapitalization
Why Is Undercapitalization a Problem? And How You Can Fix It
Undercapitalization is a condition in which a business does not have enough funds to...
Unconsolidated Subsidiary
What is an unconsolidated subsidiary
An unconsolidated subsidiary is a subsidiary in which the parent company does not include the subsidiary's financials in its consolidated...
Unsecured Loan
DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...
Uncovered Option
An uncovered option is a type of option contract that is not hedged by an opposite position in the underlying security. This leaves the...
Underwater
What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...
Underpricing
When a company offers its stock to the public for the first time, it's called an initial public offering, or IPO. IPOs can be...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
Mandatorily Redeemable Shares
What are 'Mandatorily Redeemable Shares'
Mandatorily redeemable shares are shares owned by an individual or entity which are required to be redeemed for cash or...